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Tag Archives: autoinformed.com
West European Car Sales Decline in April to 8.8 Million
“Supply chain bottlenecks still the key reason for the depressed level of registration statistics. The war in Ukraine, as well as lock-downs in China, will likely exacerbate supply issues, meaning vehicle sales will continue to suffer from a lack of adequate supply,” LMC said today. Continue reading
Posted in sales
Tagged acea, auto industry commentary, autoinformed.com, China lockdowns, Ken Zino, lmc automotive, Ukraine, West European sales
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SEC Charges Autonomous Vehicle Supplier NVIDIA with Shoddy Disclosures
NVIDIA is a US-based artificial intelligence (AI) computing company that is a significant automotive supplier for an important building block in a network of several individual ECUs (Electronic control units) used in automated and driverless vehicles. It goes by the name Drive Pegasus. Continue reading
BMW Group Post Q1 Earnings of €10.185 Billion
The JV has been fully consolidated since 11 February 2022, following the extension of the joint-venture agreement and the increase in shares held by BMW AG from 50% to 75%. Since this date, around 23,000 employees in China have been added to the BMW Group workforce number. The subsidiary contributed €3.287 billion to revenues from 11 February 2022 onwards. Continue reading
CARB Fines PPG for Products Exceeding Air Quality Rules
“CARB is committed to enforcing consumer product rules to improve the air we all breathe and to help California meet federal ozone standards that protect public health,” CARB head of enforcement Todd Sax said. “Manufacturers such as PPG carry the greatest responsibility of supplying Californians with consumer products that comply with emissions standards. Their attention to the legal requirements related to the manufacture, importation and distribution of products significantly impacts California’s air quality.” Continue reading
Posted in environment
Tagged auto industry commentary, autoinformed.com, carb, Ken Zino, ozone, Todd Sax, volatile organic compounds
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Stellantis Posts Q1 2022 Net Increase of 12% at €41.5B
The positive performance followed an ordinary dividend of €1.04 per share that approved at annual meeting and paid to shareholders in April 2022. Continue reading
US April Sales Up 6.5%. SAAR Down -21.9% YoY
“However, April 2022’s SAAR was down by 21.9% compared to the stellar sales pace seen in April of 2021 which was driven by strong consumer demand and enough inventory available to meet that demand. April 2021 was one of the last sales months before inventory began to decline significantly and limit the sales pace. We don’t expect that April’s month-end inventory level will change much from March’s level of 1.23 million units as the industry is still unable to produce enough vehicles to meet current demand, let alone restock dealer lots,” said Patrick Manzi, NADA’s Chief Economist. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, lmc automotive, nada, Patrick Manzi
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GMC Brand Extension – 2023 Yukon Denali Ultimate
The 2023 Yukon Denali Ultimate trim “elevates” the GMC sub-brand it’s claimed. “Distinguished with exterior and interior details, next-level materials, innovative available (optional, bring money- Autocrat) technologies and impressive capability, the new 2023 Yukon Denali Ultimate is the most premium Yukon ever offered.” AutoInformed guesstimates the elevated price will be just under ~$100,000. Continue reading
Tesla Recalls 48,184 Model 3s and 1, Yes 1, Model X
In yet another safety recall, Tesla is buying back one 2022 Model X vehicle. A body structure reinforcement bracket was not installed at the second-row seat. As such, this vehicle fails to comply with the requirements of Federal Motor Vehicle Safety Standard numbers 207, “Seating Systems” and 210, “Seat Belt Assembly Anchorages.” Tesla will replace the vehicle, free of charge. An owner notification letter is expected to be mailed June 6, 2022. Continue reading
Posted in news analysis
Tagged auto industry commentary, autoinformed.com, Ken Zino, nhtsa, Tesla Recalls
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Auto Loan, Lease Total at Record $1.3 Trillion during 2021
“Auto finance growth in 2021 was largely driven by strong – and expensive – used cars, which bolstered originations,” said Marcie Belles, author of the report… “many financiers recorded lower ratios of new cars in their portfolios. Still, origination volume has been nearly restored to pre-COVID levels, and it continues to climb.” Continue reading
Posted in economy, news analysis, prices, sales
Tagged auto industry commentary, autoinformed.com, Big Wheels Auto Finance, Ken Zino, Marcie Belles
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Mazda North America April Sales Down -3.3%
With 27 selling days in April, compared to 26 the year prior, the company posted a decrease of 6.9% on a Daily Selling Rate (DSR) basis. Certified Pre-owned sales totaled 5,274 vehicles in April, a decrease of 23% compared to April 2021. Continue reading
Posted in news analysis
Tagged auto industry commentary, autoinformed.com, CPO sales, Ken Zino, mnao
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Computer Bugs – Ford Launches New Certified Glass Network
Ford has apparently discovered the latest bugs in computerized vehicles. They are not the ones that smear your windshield. Continue reading
NLRB – National Labor Relations Act Protects Immigrants
Today, National Labor Relations Board General Counsel Jennifer Abruzzo released a new protocol to advance immigrant worker protections to freely exercise rights under the National Labor Relations Act (NLRA) and safely participate in NLRB investigations. Continue reading
Ford Recalls Explorer, Super-Duty F-Series for Safety Defects
Ford Motor is recalling 2020-2021 Explorer Police FHEV, Explorer Police 3.3L, and 2020-2022 Explorer 2.3L RWD, 3.0L PHEV, 3.3 L FHEV, and 3.0L ST gasoline vehicles because the rear-axle horizontal mounting bolt may fracture and cause the driveshaft to disconnect.
In another recall, Ford is recalling 2020 Super Duty F-250, F-350, F-450, and F-550 vehicles equipped with 6.7L diesel engines. A washer within the vehicle’s transmission can disintegrate, causing metallic debris to become lodged in the ‘Park’ mechanism. Debris lodged within the ‘Park’ mechanism may prevent the vehicle from achieving or holding ‘Park,’ increasing the risk of a vehicle roll-away and a crash.
Owners may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 (TTY 1-800-424-9153), or go to www.nhtsa.gov. Continue reading
Transportation Unemployment Rate Below Pre-Pandemic Level
The April 2022 rate fell 3.9 percentage points from 7.5% in April 2021 and decreased close to the pre-pandemic April level of 3.7% in April 2019. Unemployment in the transportation sector reached its highest level during the COVID-19 pandemic (15.7%) in May and July 2020 under the policies of the voted-out Trump mis-administration. Continue reading →